Analysis Article • May 05
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Hong Kong (HSI) Apparel Retail Industry Analysis
UpdatedMay 07, 2026
DataAggregated Company Financials
Companies17
- 7D-2.9%
- 3M-4.1%
- 1Y-2.4%
- YTDn/a
Over the last 7 days, the Apparel Retail industry has dropped 1.2%, driven by a pullback from Topsports International Holdings of 4.7%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 14% per annum.
Industry Valuation and Performance
Has the Hong Kong Apparel Retail Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 08 May 2026 | HK$46.5b | HK$89.7b | HK$4.4b | 8.8x | 10.7x | 0.5x |
| Sun, 05 Apr 2026 | HK$45.0b | HK$88.9b | HK$4.3b | 9x | 10.4x | 0.5x |
| Tue, 03 Mar 2026 | HK$50.2b | HK$87.9b | HK$3.8b | 9.5x | 13.2x | 0.6x |
| Thu, 29 Jan 2026 | HK$49.4b | HK$86.8b | HK$3.8b | 9x | 13.2x | 0.6x |
| Sat, 27 Dec 2025 | HK$51.1b | HK$85.9b | HK$3.7b | 10.2x | 13.7x | 0.6x |
| Mon, 24 Nov 2025 | HK$56.8b | HK$85.0b | HK$3.7b | 11.2x | 15.5x | 0.7x |
| Wed, 22 Oct 2025 | HK$59.1b | HK$86.7b | HK$3.8b | 12.2x | 15.4x | 0.7x |
| Fri, 19 Sep 2025 | HK$60.7b | HK$87.0b | HK$3.8b | 12.6x | 15.8x | 0.7x |
| Sun, 17 Aug 2025 | HK$64.9b | HK$85.6b | HK$3.6b | 12.4x | 17.8x | 0.8x |
| Tue, 15 Jul 2025 | HK$61.2b | HK$86.6b | HK$3.8b | 13.4x | 15.9x | 0.7x |
| Thu, 12 Jun 2025 | HK$45.4b | HK$84.5b | HK$1.7b | 11.9x | 27.2x | 0.5x |
| Sat, 10 May 2025 | HK$46.2b | HK$84.8b | HK$2.2b | 11.2x | 20.7x | 0.5x |
| Mon, 07 Apr 2025 | HK$45.6b | HK$84.5b | HK$2.2b | 10.9x | 20.6x | 0.5x |
| Wed, 05 Mar 2025 | HK$45.1b | HK$84.8b | HK$2.0b | 8x | 23x | 0.5x |
| Fri, 31 Jan 2025 | HK$43.3b | HK$85.0b | HK$2.0b | 9.1x | 22.1x | 0.5x |
| Sun, 29 Dec 2024 | HK$44.2b | HK$84.3b | HK$1.9b | 9.6x | 23x | 0.5x |
| Tue, 26 Nov 2024 | HK$40.0b | HK$85.3b | HK$2.0b | 9.6x | 19.6x | 0.5x |
| Thu, 24 Oct 2024 | HK$43.4b | HK$87.9b | HK$2.6b | 9.1x | 16.8x | 0.5x |
| Sat, 21 Sep 2024 | HK$40.4b | HK$88.8b | HK$2.6b | 8.8x | 15.3x | 0.5x |
| Mon, 19 Aug 2024 | HK$44.7b | HK$88.4b | HK$1.7b | 9.1x | 25.5x | 0.5x |
| Wed, 17 Jul 2024 | HK$50.2b | HK$88.3b | HK$1.9b | 8.4x | 26.6x | 0.6x |
| Fri, 14 Jun 2024 | HK$58.7b | HK$88.6b | HK$1.8b | 8.6x | 31.9x | 0.7x |
| Sun, 12 May 2024 | HK$64.1b | HK$88.4b | HK$1.7b | 9.1x | 37.7x | 0.7x |
| Tue, 09 Apr 2024 | HK$60.0b | HK$88.5b | HK$1.7b | 8.9x | 35.5x | 0.7x |
| Thu, 07 Mar 2024 | HK$62.1b | HK$87.7b | HK$2.5b | 12.1x | 24.9x | 0.7x |
| Sat, 03 Feb 2024 | HK$62.0b | HK$88.5b | HK$2.5b | 11.8x | 24.4x | 0.7x |
| Mon, 01 Jan 2024 | HK$69.0b | HK$88.5b | HK$2.5b | 13.6x | 27.2x | 0.8x |
| Wed, 29 Nov 2023 | HK$71.1b | HK$87.8b | HK$2.5b | 13.2x | 28.3x | 0.8x |
| Fri, 27 Oct 2023 | HK$69.5b | HK$86.4b | HK$2.5b | 12.8x | 28.2x | 0.8x |
| Sun, 24 Sep 2023 | HK$71.1b | HK$85.5b | HK$2.3b | 14.5x | 31.3x | 0.8x |
| Tue, 22 Aug 2023 | HK$73.2b | HK$84.7b | HK$2.7b | 12.2x | 27.3x | 0.9x |
| Thu, 20 Jul 2023 | HK$73.7b | HK$84.3b | HK$2.5b | 15.5x | 29x | 0.9x |
| Sat, 17 Jun 2023 | HK$76.5b | HK$85.4b | HK$2.6b | 15.9x | 29.6x | 0.9x |
| Mon, 15 May 2023 | HK$73.7b | HK$89.6b | HK$3.0b | 18x | 24.6x | 0.8x |
Price to Earnings Ratio
24.6x
Current Industry PE
- Investors are pessimistic on the Hong Kong Apparel Retail industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 10.8x which is lower than its 3-year average PE of 22.5x.
- The industry is trading close to its 3-year average PS ratio of 0.65x.
Past Earnings Growth
- The earnings for companies in the Apparel Retail industry have grown 13% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Comparison
How does Hong Kong Apparel Retail compare with similar industries?
| HK Market | -0.53% | |
| Consumer Discretionary | -2.78% | |
| Specialty Stores | -1.10% | |
| Apparel Retail | -2.95% | |
| Home Furnishing Retail | 12.28% | |
| Specialty Stores | -0.66% | |
| Home Improvement Retail | -0.68% | |
| Automotive Retail | -3.95% | |
| Computer and Electronics Retail | -5.62% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 6168 Zhou Liu Fu Jewellery | HK$19.32 | 13.5% +HK$610.9m | n/a | PE5.8x | |
| 887 Emperor Watch & Jewellery | HK$0.32 | 5.0% +HK$108.9m | 26.0% | PE5x | |
| 3813 Pou Sheng International (Holdings) | HK$0.40 | 2.6% +HK$51.8m | -19.2% | PE8.5x | |
| 1255 TATA Health International Holdings | HK$1.94 | 7.8% +HK$34.0m | n/a | PE35.3x | |
| 2528 Forward Fashion (International) Holdings | HK$0.51 | 18.6% +HK$32.0m | 92.5% | PE3.5x |
